Friday, March 4, 2011
Nexter, New products underpin 2010 growth
- TURNOVER: €1076 M (+21% ON 2009)
- ORDER BOOK: €2032 M, 2½ YEARS' WORK
The board of directors of Nexter Systems met Thursday, March 3 to close the 2010 consolidated accounts of Nexter group.
Orders taken by Nexter group for the 2010 fiscal year totaled €601 M, of which 45% export and 52% taken by the Group's munitions division. 2010 orders are the result of a complementary weapons systems/munitions industrial model as Nexter Munitions export sales retraced the path of Nexter Systems' own sales over the last four years.
The Group's consolidated turnover totaled €1076 M over 2010 (€887 M in 2009). The 20%+ growth in turnover reflects the Group's reliable to delivery performance (108 armored infantry combat vehicles and 78 CaesarÒ artillery systems) and support services (multi-year performanced based support contracts for equipment in use by French and overseas armed forces).
For the fifth consecutive year the consolidated operating margin of the Nexter group exceeded 10% of its turnover thanks to its solid and effective business model. The 2010 current operating margin was 12.5% after restatement of items strong to previous periods, a performance that is testimony to the Company's firm control over its contracts.
Net consolidated earnings for the Nexter group were €164 M and take account of significant research and development spending (over 10% of consolidated turnover).
Nexter group's order book is worth €2032 M and provides work for around 2½ years.
